Dycom Industries, Inc. $DY is Neumeier Poma Investment Counsel LLC’s 4th Largest Position

Neumeier Poma Investment Counsel LLC trimmed its position in shares of Dycom Industries, Inc. (NYSE:DY) by 17.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 136,848 shares of the construction company’s stock after selling 29,465 shares during the period. Dycom Industries comprises approximately 3.8% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 4th biggest holding. Neumeier Poma Investment Counsel LLC’s holdings in Dycom Industries were worth $46,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Dycom Industries during the 4th quarter valued at approximately $346,000. Vise Technologies Inc. purchased a new position in shares of Dycom Industries during the 4th quarter valued at approximately $396,000. State of Wyoming increased its holdings in shares of Dycom Industries by 9.6% during the 4th quarter. State of Wyoming now owns 6,560 shares of the construction company’s stock valued at $2,217,000 after purchasing an additional 574 shares in the last quarter. Lido Advisors LLC purchased a new position in shares of Dycom Industries during the 4th quarter valued at approximately $237,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Dycom Industries by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 196,065 shares of the construction company’s stock valued at $66,250,000 after purchasing an additional 2,479 shares in the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Trading Up 1.1%

Shares of DY opened at $489.65 on Friday. Dycom Industries, Inc. has a 52-week low of $229.97 and a 52-week high of $566.47. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. The firm’s fifty day moving average is $413.28 and its two-hundred day moving average is $382.83. The stock has a market cap of $14.70 billion, a PE ratio of 46.59, a price-to-earnings-growth ratio of 1.02 and a beta of 1.49.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the company posted $2.09 EPS. The firm’s quarterly revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Research analysts forecast that Dycom Industries, Inc. will post 12.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DY. Zacks Research raised shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Wells Fargo & Company lifted their price target on shares of Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Guggenheim lifted their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Bank of America lifted their price target on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, B. Riley Financial lifted their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Dycom Industries has an average rating of “Buy” and a consensus price target of $554.92.

About Dycom Industries

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.